On January 28, 2021, China Power International acquired a 33% stake in the GNA project. This was achieved in the Latin American market after SPIC won the bid for the 17,10MW San Simao Hydropower Project in 2018 and acquired the Mexican clean energy company Zuma Energía in 2020. Another breakthrough.

GNA project overview

CLP International completed the delivery of Brazil's GNA large-scale gas project. This is Brazil's first large-scale energy project transaction in 2021. The GNA project is located in Port Aso, Rio de Janeiro, Brazil, with a planned total installed capacity of 6.4GW. It consists of the fourth-phase natural gas power generation project and supporting natural gas facilities. The first and second phases have a total installed capacity of about 3GW, which will become the largest gas-fired power generation project in Latin America after completion; the third and fourth phases have planned installed capacity of 3.4GW and are preparing to participate in the follow-up PPA (power purchase agreement) bidding in Brazil's regulatory market.

It is reported that SPIC will work with Brazil's Prumo, Germany's Siemens Energy, BP and other shareholders to jointly promote the development, construction, and operation management of subsequent projects.

The completion of the project represents a good practice for China Power International as a Chinese-funded enterprise to participate in a large proportion of international energy projects. The GNA project will become a good cooperation demonstration for major energy projects in the Belt and Road Latin America region by large international companies such as China, Brazil, Britain, Germany, and the United States. Editor/Sang Xiaomei